What happen to GBP after Brexit?
As at 8:30pm Singapore time, GBP futures had hit a low of 1.3165. Trend: Pink below purple ==> Short bias A shooting star signal was formed at TY-138* @ 4pm SG time, with a 2R profit on 3 lots, that generated close to US$4,000. If you have no time to closely monitor your trades like a normal full time trader, higher time frame is a better option.
U.K has voted for BREXIT
This is the day that not only the British are on high alert about the final decision. Most traders out there are also on high alert mode so as to capture this rare market behavior that doesn't come by easily. Osaka Nikkei futures trading halted for first time since 2013, The circuit breaker, which temporarily halts trading when prices hit predefined tripwires, was triggered as Nikkei futures fell to 14,840 yen, 1,330 lower than the previous settlement price. http://asia.nikke
2 hours or less a day in trading is it ok for you?
How long can you stay focus on one thing? Most of the article mentioned: not more than 40 minutes. So, why are you spending so much time, sitting in front of your computer, staring and trying hard to find trades throughout the whole day. Trading is very different from normal working life, where you need to spend 8 to 12 hours in your profession. For Index trader, you can start as early as 7:45am. Nikkei 225 is ready for you to start the day. Look at the chart below, not forge
Knowing the trend and trade with the trend
Yesterday I have covered Nikkei 225 using our *PPTA trend analysis. I shall do one for today as well, still using Nikkei 225. Trend is still down -- Pink below purple belt, our focus should be to look for short opportunities. This round, the example is using a slightly experience Nikkei trader using 6 lots for every trade entry. Market open and immediately given a spring sell signal, unfortunately, this trade failed. Our traders are all using "hard stop" rule! This trader los
Many ways to benefit from trading Index Futures using *PPTA Analysis
Out of so many ways of identifying trend, let's pull out *PPTA from our indicator tool box. PAPLines is a "MUST HAVE". We use this as profit taking level as well as taking it as a guide to identify market exhaustion so that we can also do "swing trading". The chart below shows Nikkei 225 on Jun 10, 2016 (Friday). When pink is below purple and blue zone, it is in down trend. Since it is in down trend, our main focus on market opening is to look out for sell opportunity. Nikkei
Learn trading through practical sessions
Our May 2016 Currency Futures course just ended last week. Today is the first night live trading session for our new traders, they have to translate the theory into practical. Their job tonight is to recognize all the signals when price is jumping. They are doing well on the first night. Experience take time, by putting in 3 hours every evening, I am sure they can progress very fast. Let's take a look at what they have learnt and gone through this evening on 6E. They have to